New Jersey non-resident broker bonds.
From $100.
New Jersey’s Insurance Producer Licensing Act does not itself require a bond of an out-of-state producer. This is the bond our carrier offers when your appointing insurer, agency agreement or another state’s rules call for one. Pricing starts from $100, and most applicants qualify at or near that minimum; enter the amount you were asked for.
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How much does a New Jersey non-resident broker bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard broker bond — enter your amount, pay, and send it to whoever asked for it. Here is the whole thing:
Apply online
Your details, the bond amount you were asked for, and the effective date — that is the application.
Issued on the spot
Most applications are approved instantly at checkout — no credit check up to $100,000.
Deliver the bond
Give the executed bond to whoever asked for it: your appointing insurer, or the party your agreement or another state’s rules name. Wet-ink originals mailed whenever they insist.
What it is and who needs it.
What the broker bond actually covers
New Jersey licenses insurance producers — agents and brokers — under the Insurance Producer Licensing Act of 2001 (N.J.S.A. 17:22A-26 et seq.), administered by the Department of Banking & Insurance. The Act does not itself require a bond of a non-resident producer. This is the bond our carrier offers an out-of-state producer whose appointing insurer, agency agreement or another state’s licensing or reciprocity rules call for one.
The bond is a guarantee to whoever asked for it — your appointing insurer, or the party your agreement or another state’s rules name. It stands behind the obligations its bond form sets out; if you fall short and that party is harmed, it can recover against the bond.
The amount is whatever the party asking for the bond names, so confirm the figure with them before you apply. Whatever amount applies, pricing starts from $100 and no credit check up to $100,000. It is not insurance for you: if the surety pays, you repay the surety.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver the bond. Give the executed bond to whoever asked for it: your appointing insurer, or the party your agreement or another state’s rules name. Wet-ink originals mailed whenever they insist.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount you were asked for — the executed broker bond is generated instantly, ready to send.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Broker bond, issued today.
Pricing from $100. Enter your amount and deliver the bond to whoever asked for it the same day.